French luxury group Kering closed two Gucci stores in Shanghai last month. Those closures followed at least eight in the ...
Store closures are also hurting mall owners and undermining projections for an end to the multi-year property market slump.
Authorities in the Chinese capital Beijing sealed up a large shopping mall and placed several apartment buildings under full lockdown due to a new outbreak of COVID-19, it was reported Thursday.
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China’s Love Affair With Luxury Has CooledThe luxury journey of Xie, the 45-year-old consumer, started in 2008 at Beijing’s Shin Kong Place, a high-end mall. She had just received a year-end bonus of slightly more than $10,000 and ...
it looks suited to the role of ultra-luxury flagship. In our original story, we reported that the Beijing concept would wear styling similar to the Pininfarina Gran Lusso Coupe that was shown in ...
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